Capital Market

The Minister of Finance, the Governor of the Bank of Israel, the Chairman of the Histadrut, the Chairman of the Presidents of Employers and Businesses in Israel and the President of the Manufacturers' Association and the Chairman of the Presidents of the Business Sector, agreed on a "package deal" in the economy: Gradually raising the minimum wage to NIS 6,000; Employment flexibility and tools to stimulate the economy; Certainty in labor relations in the public sector. The package deal brings workers in line - the minimum wage will gradually rise to NIS 6,000, which will help reduce gaps...

Israel has a budget for next year and 2022. The Knesset approved the Budget Law on second and third reading. Sixty-one MKs supported the budget law and fifty-nine opposed yesterday. Friday's vote for the 2022 budget 59 MK supported and 56 MK opposed. Thus, the possibility of overthrowing the government was avoided due to the failure to transfer the budget on time. Knesset members from the coalition hugged at the end of the vote and some of them were photographed on their mobile phones. This morning, the plenum will continue to vote on the other budget laws: the budget law for the year...

The number of employed persons in the economy first exceeded that recorded before the corona crisis, reaching 4.01 million. However, the employment rate stands at 59.2% - significantly lower than it was before Corona; This is probably due to the fact that the crisis of unemployment from choice in the economy continues. In addition, the number of job vacancies has broken this record for the seventh month in a row since the beginning of the survey, rising from 138,000 to 143,000. At the same time, the unemployment rate rose slightly, from 7.1% in the first half of October to 7.3% in the...

Gross domestic product (GDP), at constant prices and after deducting the seasonal effect, increased in the third quarter by 2.4% on an annualized basis compared with the second quarter (0.6% on a quarterly basis). Compared with the third quarter of 2020, it increased by 5.9%, according to the Central Bureau. According to statistics, the gross domestic product per capita increased by 0.5% on an annual basis. The Central Bureau of Statistics explains that the relatively moderate increase was also due to a decrease in passenger car imports compared to the second quarter (partly due to the...

The Omicron variant could jeopardize the global growth trend and lead to a continuation and worsening of inflation, the OECD report published today (Wednesday) states. Total government and domestic product. According to OECD forecasts, the debt-to-GDP ratio will improve more rapidly relative to previous forecasts by local bodies. The organization expects that the ratio of public debt to GDP will decrease. According to the OECD, following the jump in debt raising, the ratio reached 71.5% in 2020, and it remained the same in 2021. However, as early as 2022, the debt-to-GDP ratio will begin...

The high-tech industry in Israel broke many records this year - and now the numbers indicating its strength are being revealed. According to a report by Start-Up Nation Central, in the first 11 months of 2021, local companies raised a total of $ 24.5 billion. Israeli companies raised $ 10.8 billion. During the period, 74 high-tech companies raised mega-rounds - that is, huge fundraisers of more than $ 100 million - compared to 22 companies in 2020. These fundraisers account for more than half of the total capital raised in 2021 and stand at $ 14.4 billion - a growth of 310% in total...

An up-to-date forecast published by the Ministry of Economy and Industry predicts an all-time record in Israeli exports in 2021, and may amount to at least $ 135 billion - an increase of 18.5% compared to the volume of exports from Israel in 2020. Last year, exports from Israel totaled $ 114 billion, a decrease of 3% compared to the volume of exports from it in 2019. The forecast is based on Israel's export data for the first three quarters of the year. The Ministry of Economy's Foreign Trade Administration said today that the growing trend in exports, which has been evident since the...

The state aid scheme for airlines, which are suffering from a loss of revenue due to the omicron, is finally closed. The government approved the Ministry of Finance and Transportation's proposal to provide increased assistance in the amount of $ 85 million to the three airlines: El Al, Israir and Arkia. This is after according to the outline formulated in November, the assistance to the companies was supposed to amount to only $ 41 million - that is, an increase in the assistance by $ 44 million

Israel's public debt soared in 2021, in absolute terms, and crossed the NIS 1 trillion mark. However, in the main index for examining Israel's financial strength, the debt-to-GDP ratio in the economy has improved, and it dropped from 71.7% in 2020 to 70.3%. The Accountant General of the Ministry of Finance, Yahli Rotenberg, published today (Wednesday) the preliminary debt data for 2021. They show that the improvement in the debt-to-GDP ratio was recorded mainly due to the increase in GDP in the economy in 2021, in light of the economic recovery. The published figure was determined by the...

Less than two years after the outbreak of the corona crisis in Israel, for the first time, the basic number of unemployed in Israel fell below the level that was on the eve of the spread of the plague. In the first half of January this year, there were only 148.3 thousand unemployed in Israel, which is 3.5% of the labor force. This is compared to 160,000 unemployed and 3.8% unemployment at the beginning of 2020. The Central Bureau of Statistics (CBS) reported on Monday that the broad unemployment rate, which includes the unemployed due to Corona-related causes, did not fall in the first...